Challenger banks win out at the Payments Awards

Digital challenger banks enjoyed success at last night’s Payments Awards, with Starling Bank and ClearBank both picking up two awards each.

The sixth annual industry event was held at the Grosvenor Square Marriott hotel in London, with a record number of entries across the 24 categories.

Starling Bank took home the Personal Finance App of the Year award, along with the prize for PSD2 or Open Banking Initiative of the Year. The judges suggested that Starling’s proposition was “all about the marketplace” and questioned “could Starling become the Amazon of banking?”

ClearBank meanwhile won the Payments Infrastructure Award, and chief executive Nick Ogden was deemed to be the Payments Pioneer of the year. The judges commented that Ogden “understands market opportunity and how to exploit it for real commercial advantage, not just mesmerising investors and hypnotising the media”.

Traditional banks still did well though, with HSBC Bank winning Best Mobile Payments Solution, while NatWest Bank scooped the Best Online Payments Solution - Merchant award.

The full winners list is as follows:

Best Online Payments Solution - Consumer
Just Eat

Best Online Payments Solution - Merchant
NatWest Bank

Best Mobile Payments Solution

Best In-store Payments Solution

Best Contactless Payments Project
Acceptacard – Payacharity

Best Prepaid Card Solution

Anti-Fraud or Security Solution of the Year - Consumer

Anti-Fraud or Security Solution of the Year - Merchant

Most Disruptive Payments Technology

Payments Startup of the Year

Technology Provider of the Year
The Chargeback Company

Best Merchant Acquirer or Processor

Best Cross-Border Payments Solution

Lending Initiative of the Year

Personal Finance App of the Year
Starling Bank

B2B Payments Innovation of the Year
Bottomline Technologies

Best Alternative Payments Project
TBC Bank

Marketing Campaign of the Year

Best Use of Biometrics
NuData Security, a Mastercard company

Blockchain Initiative of the Year

PSD2 or Open Banking Initiative of the Year
Starling Bank

Payments Infrastructure Award

Payments Innovation of the Year
Much Better & Wirecard

Payments Pioneer Award
Nick Ogden, ClearBank

    Share Story:

Recent Stories

Using Adobe analytics helps businesses achieve 1.7x customer retention
99% of experience driven FS Businesses consistently use analytics for testing and optimisation, improving customer satisfaction metrics by 1.8 times.

To learn more – please read the 2019 Digital Trends: Financial Services in Focus report. Download here

Assessing the cloud migration landscape
FStech editor Peter Walker sits down with Rackspace solutions director Rhys Sharp to discuss cloud adoption challenges - skills shortages, cultural barriers, legacy systems - and the solutions that the company offers, as well as trends within cloud migration and regulatory attitudes towards the industry.